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Gold/Mining/Energy : Rondal Gold Corp -RGD (formerly Prior Resources - PQL)

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To: Robert Saito who wrote (185)1/10/1997 6:19:00 PM
From: Robert Saito   of 331
 
Prior Resources Ltd. PQL ASE January 10, 1997
Private Placement Closing

Dalton B. DuPasquier, President of Prior Resources Ltd., announces that on August 22, 1996 the Company announced that it has agreed to sell, on a private placement basis, 1,000,000 units at the price of $0.13 per unit for gross proceeds of $130,000. Each unit was comprised of one common share and a warrant to purchase a further share at the price of $0.13 during the first year from the closing of the private placement and at the price of $0.13 during the second year from the closing. The Company is pleased to announce that the private placement closed on January 9, 1997.

TEL:(604) 682-0410 Dalton B. DuPasquier, President FAX: (604) 682-0412
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